Tabcorp Holdings (TAH)

JP Morgan remains “overweight" on
Tabcorp Holdings
, after the gaming company reached an agreement with the NSW government to extend the exclusivity of its NSW wagering licence.

Analysts see evidence of healthy operating trends and several medium-term potential catalysts.

JP Morgan expects further share price upside for Tabcorp as the market becomes more comfortable with the company’s defensive growth, and has upgraded its forecast earnings per share in fiscal 2015 by 3 per cent.